Lightning Round: Ares Capital, Lululemon, Lumber Liquidators and More

Ares Capital : When it comes to private equity, Cramer prefers Solar Capital .

Lululemon : This yoga apparel maker's will likely go higher over time, Cramer said. Apparel maker Phillips-Van Heusen comes with lower risk, however, and has equal reward.

(Slideshow—Cramer: Buy This, Not That)

Lumber Liquidators : This stock had worked for a while, but Cramer would rather go with Lowe's . The home improvement retailer has much less risk and comes with more reward, he said.

Motorola Mobility : Motorola's recent break-up into two companies didn't do much for shareholders, Cramer said. He doesn't like either Motorola right now and would avoid technology stocks in general.

Mosaic : When it comes to fertilizer plays, Cramer likes Potash , Agrium and Mosaic, but in that order.

North American Palladium : Forget PAL, Cramer said. He would rather see investors go with the Gold ETF .

Public Service Enterprise Group : Cramer thinks this is an excellent company, but he prefers Southern Company .

When this story was published, Cramer's charitable trust owned Lowe's.

Call Cramer: 1-800-743-CNBC

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